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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Viapiano who wrote (61346)	6/9/1999 2:13:00 AM
From: H James Morris	Respond to of 164684

CHICAGO, June 8 (Reuters) - George K. Baum & Co. analyst Dean Ramos said he cut estimates on Internet retailer Amazon.com <AMZN.O> Tuesday but maintained a neutral rating on the stock. Neutral means another baby elephant is bailing out. Second quarter loss estimate widened to $0.53 per share from a previous estimated loss of $0.50 per share. Full year loss estimate widened to $1.74 vs previous estimate of $1.68. Says Amazon recently reported a cumulative customer count of 10 million since July 1995 with a significant component of recent additions in auction participants. "We are lowering expected 1999 customer additions and lowering expected revenues to reflect less productive customers in cumulative base," Ramos said. "Although the company does not break out customer productivity for books vs. auctions, we see the increased weight of auction participants in the customer base as having a negative impact on projected revenues, particularly at this early phase in Amazon's auction service offering."